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Onchain analytics platform tracking blockchain data and market metrics for Bitcoin and other cryptocurrencies, via its Week Onchain newsletter.
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Glassnode put Bitcoin's largest cluster of leveraged short liquidations near $90,000 on Oct. 4, about 5% above a trading range of $85,000 to $86,000. Before forced short covering joins in, ordinary buyers have to carry the price across a $4,000 to $5,000 gap.
Reality
Bitcoin sat at $85,276 on Sunday, below the $86,000 area it hit before payrolls, even as Glassnode put October Fed hike odds at 22% from 66%. This week's fund-flow data will show whether ETF buyers are taking over from the short covering that lifted it.
Reality
Coin Metrics has recomputed all daily and hourly Ethereum exchange-flow metrics from the first block, using the exchange wallets it knows today. Outflow backtests run on a fresh download can now count wallets nobody had identified on the trade date.
Reality
US spot Bitcoin ETFs took in $102.7 million on October 1, a tenth of September 21's $999 million, as Bitcoin neared $87,000. That leaves the Fed's October 27-28 meeting, more than the seasonal record, to decide whether fund buyers return in size.
Reality
Bitcoin gave back much of a softer-PCE jump to $85,500 and traded near $83,700 with the 10-year Treasury yield around 5.28%. Stock futures rose under that same yield, so the long-term holder supply Glassnode counts at $84,000 to $85,000 is the likelier ceiling.
Reality
Bitcoin rose 0.9% to $84,376 after August core PCE came in at 3.0%, below the 3.3% economists expected. Lower odds of an October Fed hike did little for a market whose September rally ran on ETF inflows that have since faded.
Perspective Coverage
3 publishersReality
CryptoQuant counted 78,000 altcoin deposits to exchanges in the seven days to Sept. 28, up from about 29,800 two weeks earlier. More holders look ready to sell into the rally, though the reports count transfers without putting a size on them.
Reality
Bitcoin's CMBI benchmark closed near $83,113, just under the $84,000-$85,000 band where Glassnode counts more long-term holder coins than at any other price. With futures leverage at its lowest since March, spot buyers and sellers will decide whether the band holds.
Reality
Spot Bitcoin ETFs took in about $3 billion over eight sessions as oil lifted Treasury yields to 2007 highs, holding Bitcoin near $84,000. Onchain profit-taking adds sellers as this week's inflation and jobs data decide which side gives first.
Reality
Forced closures of bearish bets, counted at $648 million by Crypto Briefing and above $600 million by CoinGlass, carried bitcoin to its highest price since January. Glassnode puts the US spot ETF cohort's average entry at $85,638.
Perspective Coverage
8 publishersReality
Glassnode's Altcoin Cycle Signal hit 86 on June 22, well above the 50 line, after Bitcoin fell roughly 18% in a month. The firm's July update claimed strength in absolute terms, and September's flagged almost no leverage.
Reality
Glassnode and Bybit put Bitcoin up 28% over two years while the median mid-cap token lost 74%, and the futures leverage has pooled in the losers, at about 24% of PEPE's market cap against 2% of Bitcoin's. The fund flows point the same way.
Reality
A Glassnode and Bybit report with data through August 23 found coin-denominated open interest fell 12.6% as Bitcoin rose 24.6%, and the same short squeeze repeated this week when the Fed paired a hike with a dovish forecast.
Reality
DeFiLlama's Movers dashboard still has ZEC, HYPE, UNI, XRP and SOL ahead of Bitcoin over 30 days. Over seven days three of the five are negative, with the ten-year near 4.93% and September hike odds around 60%.
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Eigen Labs' ECDSA.Fail contest drove a point-addition resource score from 10.75 billion down to 1.496 billion. Neither IonQ nor Google has built the machine, and the end-to-end attack estimates that matter are still theirs.
Reality
Nine days of purchases paid for by a security that disburses cash every business day is a demand read on the preferred rather than on bitcoin. The coins Strive bought last week at $79,431 are marked at $77,100.
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CME's September odds moved by 18.6 points on a Jackson Hole speech that deliberately gave no guidance, which makes the hike a price rather than a forecast, and prices assembled that fast can come apart on Friday's payrolls.
Reality
Gizmodo reports that a StarkWare researcher's transaction needed no soft fork. That fact moves post-quantum migration out of the developer debate and into the custody workflow, where somebody has to schedule it and pay for it.
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Both trackers measure 90 days, and this rally is seven days old. BlockchainCenter's reading sits at 43 against a threshold of 75, which is a long way from a rotation.
Reality
The average that capped the 2022 bear market is overhead again near $63.2k, and this week's Fed minutes and Japan data decide whether the level holds any authority.
Reality